LUNC at support. Possible hidden divergence.

LUNC Analysis.


10/5/20221 min read

This is a LUNC idea.

LUNC has been pushing down on the Bollinger Bands for a while now. It seems like the price has been decreasing for those who are opening futures positions.

However, the price has been moving above a dynamic support area and seems like it has reached that level again; If you take a look at RSI, you can see a possible hidden divergence forming a short-term uptrend.

Also, the price has just reached the static support area (green box on the chart), which can push the price back up.

There are two resistance levels on the way up, so be careful with your positions and activate your Stop Loss.

RSI is near the oversold area, and the price has more room to go up.

Now let's see your ideas. Let's have a discussion.

Let me know if you guys have any questions;

I will be more than happy to help.

Good luck, and thank you.

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